It demanded steep fiscal adjustments, discontinuation of the amnesty scheme, increase in fuel prices, increase in power tariffs, and restoration of taxes before the country could expect to unlock the $3 billion.
The orders were issued to the Board on Tuesday in a meeting between the officials of the FBR and the Public Accounts Committee. The committee demanded a report within a month.
The energy-starved country was forced towards this decision as two major commodity trading companies defaulted on their agreements to supply LNG cargoes for the months between April and June.
As a result of such policies, the second quarterly report of FY22 depicted encouraging growth in digital banking. The state bank reported that the “overall e-banking transactions volume grew by 10.7% to 400mn whereas value by 22.8% to over Rs33tn.
“The ministry of communications and information technology was ordered to remove the apps from internet servers and make them inaccessible to everyone in Afghanistan” Samangani (Deputy spokesperson of the Islamic Emirate of Afghanistan) said.
Shahbaz Gill further added that the new government was only providing half-baked truths, emphasizing that "by law, any Prime Minister could take back gifts given to him during his tenure" however, he underscored that a certain amount had to be paid before taking the gifts.
Under the project, a 150 MW floating solar subproject will be deployed in the Ghazi Barrage headpond and another floating project of similar capacity at the Forebay of the existing Ghazi Barotha Hydropower plant. The project would greatly enhance the electricity supply and help meet the rising demand for electricity in the country.
To clarify, earlier, the former Chief Minister of Punjab, Usman Buzdar, on 20 March, announced a mega Ramadan package for the people of Punjab. The Chief Minister allocated approximately Rs. 8 billion for the project, in which he subsidized the rate of major edibles. After the subsidy, a 10-kilogram flour bag was priced at Rs. 375.
In a report by the World Bank, the financial institution reduced Pakistan's growth forecast by one percent and criticized the outgoing government's last-minute subsidies on fuel and electricity prices.